London Stock Exchange welcomes RC365 Holding plc to the Main Market

London Stock Exchange today welcomes RC365 Holding plc (“RC365” or the “Company”), the a leading fintech solutions service provider, to embark on a brand-new stage as it begins listing on the standard segment of the London Stock Exchange’s Main Market and trading under the ticker “RCGH”.

RC365 is a leading fintech solutions service provider founded in 2013 and headquartered in Hong Kong. Providing innovative, efficient, and secure payment gateway solutions (online and offline) and IT support and security services, RC365 aims to facilitate the growing banking needs of the Asian community for cross border payment services and expand the services into Europe and the UK.

The successful fundraising included the issuing of 32,534,591 new ordinary shares at a price of 6.2p per ordinary share (the “Issue Price”), raising gross proceeds of approximately £2.0 million for the Group. At the Issue Price, the Company’s market capitalization will be approximately £6.7 million.

The proceeds of the listing will be used in the following manner: marketing development programme, establish development centre, funding for future organic and non-organic growth, funding for potential license application work.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
16.13
Listing/Admission to trading
23 Mar 2022

“Our first day of trading will mark an exciting new chapter for RC365”, Chi Kit LAW Michael, Executive Director and CEO of RC365, said.

“The London Stock Exchange listing will provide a platform over time to broaden our investor base, as well as provide access to capital for our intended growth initiatives. The listing reflects the dedication and strength of our team. I would like to thank our team and shareholders for their patience and tremendous support in bringing RC365 to market.”

Chief Financial Capital Limited acted as Financial Adviser and VSA Capital Limited acted as Broker on the subscription and IPO.

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